Payment systems

An ATM was stolen last night in the capital's Lyulin district, Nova TV reports. The payment device was pulled out and taken in an unknown direction around 5 a.m. The ATM was located in a 24-hour grocery store. There is no information yet on how much cash was in it. The perpetrators are currently being sought by the police

A new Development Ministry bill provides for the compensation of bank customers should they become victims of electronic fraud, such as the theft and use of their debit card PIN, even if this is due to their own negligence.

The Financial Stability Committee discussed steps to be taken regarding the wider use of the Turkish payments system TROY, according to a statement released after the committee's meeting. The committee convened on Oct. 27, chaired by Treasury and Finance Minister Nureddin Nebati.

The trend of rising fees that banks collect for various products and services continues. The next increase has been a fact since the beginning of August, mainly referring to the service in the branches. The explanation is that, in addition to inflation, the administrative costs of maintaining a branch network make services offered locally more expensive.

Payment processor Visa Inc. said late Saturday that it plans to start separately categorizing sales at gun shops, a major win for gun control advocates who say it will help better track suspicious surges of gun sales that could be a prelude to a mass shooting.

Some 14 percent of Turkish consumers use cash for everyday purchases, while 49 percent say they prefer credit cards, according to a survey by IPSOS.

Around 55 percent of those who chose cards say they don't have enough income to make payments in cash, while 32 percent say cards help them postpone payments for a month.

From Thursday (September 1), the new cards and tickets for Sofia's public transport, which were adopted earlier in the year by the Sofia Municipal Council, come into force, the Sofia Municipality reports and specifies that they will be available from today at the ticket offices of the Center for Urban Mobility (CGM).

Payments with credit, prepaid and debit cards increased by 109 percent in July on an annual basis to amount to 316.9 billion Turkish Liras, according to data from the Interbank Card Center (BKM).

Payments with credit cards increased 103 percent to 249 billion liras, while debit cards made up 62.3 billion liras of the total sum, rising 132 percent from a year ago.

The use of online money transactions is convenient for everyone since the majority of people are on their phones 24/7. Cash App is one of the most famous online banks.

 You should be aware of a few things if you want to use Cash App for any of these reasons. 

Defining Cash App

Recent upheaval in the cryptocurrency markets shows the sector is subject to similar risks as conventional investments, underscoring the need for regulation to protect against the "false allure" of a quick profit, Federal Reserve Vice Chair Lael Brainard has said.